2,790 Shares in CGI Inc. (NYSE:GIB) Purchased by Moseley Investment Management Inc.

Moseley Investment Management Inc. bought a new position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,790 shares of the technology company's stock, valued at approximately $279,000.

Other large investors have also bought and sold shares of the company. First Affirmative Financial Network boosted its stake in CGI by 3.8% during the first quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company's stock valued at $290,000 after buying an additional 106 shares during the period. Metis Global Partners LLC grew its stake in CGI by 1.0% in the 4th quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock worth $1,153,000 after buying an additional 108 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of CGI by 0.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock worth $3,412,000 after buying an additional 111 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of CGI by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 12,619 shares of the technology company's stock valued at $1,380,000 after buying an additional 115 shares in the last quarter. Finally, Manhattan West Asset Management LLC lifted its holdings in shares of CGI by 0.5% during the 4th quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company's stock worth $2,779,000 after acquiring an additional 126 shares during the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued an "outperform" rating and issued a $192.00 target price on shares of CGI in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $156.75.

CGI Trading Down 1.3%

Shares of CGI stock traded down $1.38 during trading on Friday, reaching $108.21. The company's stock had a trading volume of 218,027 shares, compared to its average volume of 205,155. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. CGI Inc. has a 52-week low of $92.85 and a 52-week high of $122.79. The firm's 50-day moving average is $105.93 and its two-hundred day moving average is $108.28. The company has a market cap of $24.53 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.58 and a beta of 0.78.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). CGI had a net margin of 11.72% and a return on equity of 19.32%. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the company earned $1.97 earnings per share. The business's quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be paid a $0.1086 dividend. This represents a $0.43 annualized dividend and a dividend yield of 0.40%. This is a positive change from CGI's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 16th. CGI's dividend payout ratio (DPR) is presently 7.83%.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.